363 innovation projects approved

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The funding business for innovation projects gained considerable momentum over the course of the year. Innosuisse expects to have received more than 700 applications for innovation projects by the end of the year – around 50 per cent more than in 2018.

While the level of applications for innovation projects received in the first four months of the year was extremely muted at 131, from May onwards, an average of 77 applications per month were submitted to Innosuisse. At the end of November, 363 applications with funding totalling CHF 126.2 million had been approved. Annalise Eggimann, Director of Innosuisse, is delighted by this trend: “We’re all very happy that our most important funding instrument – innovation project funding – has performed so well. We’re particularly pleased that we also received more applications from the area of social sciences and business management towards the end of the year.” As previously, most applications come from engineering and life sciences.

Innosuisse’s start-up coaching continues to be extremely popular: By the end of November, 164 new start-ups had been admitted into Core Coaching. The new Scale-up Coaching starts in the autumn. Start-up entrepreneurs whose applications are approved receive a funding credit for coaching services and can choose their coach themselves. The credit of up to CHF 75,000 is intended to support companies that are active in scientific fields, have at least five full-time employees and demonstrate significant growth potential. At the first call at the end of October, 20 applications had been received, of which 16 had been approved.

The Innovation Mentoring offering also remains on track. Innosuisse uses innovation mentors to support SMEs in turning a project idea into a product, process or service innovation. This year, by the end of November, more than 500 mentoring credits had been issued for SMEs in Switzerland, which the companies can use to obtain SME services.

Last modification 13.12.2019

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